Near-prime credit profiles migrate twice as fast as prime borrowers. Profitability-based capital allocation strategies, combined with CL Verify’s real time data provides you with the tools to shift loan capital to lower risk, more profitable consumers.
CL Verify solutions aggregate more financial performance data about near- prime consumers than any other source, providing an unmatched amount of dynamic intelligence, including for example, the ability to:
- Base approve/decline decisions on the expected ROI of the customer relationship, instead of a single loan event
- Optimize portfolio ROI by shifting lending capital to more profitable customer segments
- Enhance retention efforts by offering your most profitable customers higher, more competitive loan amounts
Our clients receive access to over 3 billion debit account records, nearly 30 billion pieces of demographic and public record data and nearly 50 million unique near prime consumer records to prevent identity fraud, mitigate risk, assign loan amounts and retain profitable customer relationships.
